IFM posts H1 loss, says H2 will generate cash
International Ferro Metals produced a disappointing first half pretax loss but looked to better days in the second half of its financial year.
Ramatlhodi to visit Harmony’s Kusasalethu
Ngoako Ramatlhodi, South Africa mines minister, is to visit Harmony Gold's Kusasalethu mine where an underground fire endangered the lives of 486 miners.
BHP’s Mackenzie said to defend spin-off
Andrew Mackenzie, CEO of BHP Billiton, is expected to use the group's interim results to defend the proposed demerger of assets into company South32.
Froneman sceptical of listing platinum mines
Sibanye Gold CEO, Neal Froneman, said listing Amplats' non-core assets was a bad idea as they were loss-making and would fail to attract investment.
Mid-cap gold miners benefiting from pain
Australian best performing gold stock, Northern Star Resources, has benefited from the moves by majors to sell non-core assets in order to lower debt.
Barrick’s Luwana part of $2.8bn impairments
The Canadian gold producer, which controls Acacia Mining and the Lumwana mine in Zambia, is to remove $3bn in debt in an asset clearance.
VMR Dec Q share earnings up on Tau gold sales
Village Main Reef produced a solid December quarter after selling more gold from its operating asset, Tau Lekoa.
Petra’s Dippenaar confident of market stability
Johan Dippenaar, CEO of Petra Diamonds, said there was enough evidence to suggest a stabilisation in the diamond market.
Kasongo to get $20m for DRC tin ambition
The former deputy mines minister of the Congo, Victor Kasongo, hopes to activate a $20m loan by tying up a 190 tonnes/month tin offtake agreement.
MPRDA review process known in March
The process to which the Mineral and Petroleum Resources Amendment Act will be submitted will be known by Parliament in March.